National News
India-UAE Investment Agreement: Reducing arbitration times and expanding protections
India has recently signed Bilateral Investment Treaty (BIT) with United Arab Emirates (UAE) Its objective is to increase investor confidence and promote stronger economic relations. An important change in this agreement is to reduce the arbitration period for foreign investors from five years to three years. This new provision allows investors to seek international arbitration if disputes are not resolved within the time frame prescribed by the Indian judicial system. The BIT, effective from August 31, 2024, also provides protection to stocks and bonds, widening the scope of investments covered compared to the previous agreement.
Democracy is active, voters of Haryana and Jammu and Kashmir are giving their mandate.
Recently, the assembly elections of Haryana and Jammu and Kashmir were concluded and the Election Commission announced the results on October 8, 2024. Jammu and Kashmir led by coalition INC-NC and in Haryana BJP The party won the mandate from the people. The elected governments will take office for the next five years.
International news
Hurricane Milton approaches: Residents evacuate Tampa Bay area
As Hurricane Milton threatens the Florida coast, residents tampa bay area Large numbers of people are evacuating in fear of a potentially devastating storm. With preparations underway for dangerous storm surge, high winds and possible tornadoes, officials are urging residents to evacuate if possible. Former FEMA Director Craig Fugate emphasized the urgency: “Today is the last day to get ready.” During this time, Florida Governor Ron DeSantis Announced the deployment of more than 300 dump trucks to remove debris from Hurricane Helene, highlighting the challenges facing the state.
Protests erupt in Pakistan after 40% tax hike under IMF bailout
After the steps taken by the government, widespread protests are being seen in Pakistan. tax 40% as part of a $7 billion bailout deal with International Monetary Fund (IMF). The move, aimed at stabilizing a faltering economy plagued by high inflation and depleting foreign reserves, has pushed many citizens to the brink, exacerbating an already severe cost of living crisis. As basic needs become increasingly unaffordable, the population’s patience is wearing thin, becoming a significant challenge of Prime Minister Shahbaz Sharif coalition government.
Bangladesh formed nine-member Constitution Reform Commission
interim government of bangladesh has established nine member constitution Reform Commission, headed by Bangladeshi-American Professor Ali Riaz, Review and propose improvements within 90 days. The commission, formed after the resignation of Prime Minister Sheikh Hasina, aims to create a more representative and democratic framework. Members include professors, legal experts and student representatives along with students. mahfooz alam Working as Special Assistant to Chief Advisor Muhammad Yunus. The commission is part of broader reforms announced by Yunus, which include the judiciary, police, electoral system, public administration and anti-corruption commission.
economy news
UP’s rural women conduct financial transactions worth Rs 27,000 crore
enterprising rural women Uttar Pradesh working as BC Sakhi. facility has been provided Rs 27,000 crore In financial transactions in the last four and a half years. The BC Sakhis appointed under the nationwide women empowerment initiative are part of Self Help Group (SHG) To provide banking services in rural, unbanked areas. Uttar Pradesh leads the country in terms of the number of BC Sakhis, followed by Madhya Pradesh and Rajasthan. These women have earned a commission of Rs 75 crore, making a significant contribution to financial inclusion.
RBI Monetary Policy Meeting 2024: Repo rate unchanged and other key results
The Reserve Bank of India (RBI) has decided to retain it repo rate unchanged But 6.5% For the tenth consecutive time. This decision reflects a change in the monetary policy stance ‘Withdrawal of residence’ To ‘neutral.’ As a result, all external benchmark lending rates linked to the repo rate will remain stable, providing relief to borrowers as their equated monthly installments (EMIs) will not increase.
Rupee stabilizes below 84 against dollar due to RBI intervention
The Indian Rupee has shown resilience against US dollar, stable at 83.97 due to the active intervention of Reserve Bank of India (RBI). Despite pressure from foreign portfolio outflows, rising crude oil prices and strengthening dollar index, RBI’s strategies have kept the rupee from breaching the psychologically important level of 84. Market experts believe that RBI’s presence in various currency markets has been crucial in preventing sharp declines.
defense news
Indian Navy commissions new deep water survey vessel
Indian Navy has got the latest information about this large survey vessel Specially designed for deep water hydrographic mapping, Nirdeshak (Yard 3026), The second of four survey vessels (large) ships, being operated by the Indian Navy’s Warship Design Bureau and being built at Garden Reach Shipbuilders and Engineers. (GRSE), Kolkata was handed over to the Indian Navy.
awards news
National Film Awards celebrate excellence in Indian cinema
Ministry of Information and Broadcasting offers prestigious national film awards each year with cinema’s highest honour, the Dadasaheb Phalke Award. The 70th National Film Awards were presented on 8 October 2024 by the Hon. President Draupadi Murmu.
Baker, Hassabis, Jumper awarded Nobel in Chemistry 2024 for pioneering protein research
Who has been awarded the 2024 Nobel Prize in Chemistry? David Baker for his innovative work in computational protein design and to Demis Hassabis and John M. Jumper for their groundbreaking AI-based protein structure predictionThese discoveries, recognized by the Royal Swedish Academy of Sciences, represent major advances in understanding and designing proteins.
sports news
End of an era: Andres Iniesta announces retirement
Andres Iniesta, The Spaniard, a maestro of the game, announced his retirement from professional football after 22 years of service. the player who represented Spain and FC Barcelona national teamOne of the best clubs in the world.
important days
world mental health day 2024
world mental health day, celebrated annually 10 OctoberIt was first launched in 1992 by the World Federation for Mental Health (WFMH). This global observance aims to raise awareness of mental health issues and make efforts to support mental health care around the world.
Celebrating World Post Day: Honoring Postal Services
world post day celebrated every year 9 October. The program was announced by the Universal Postal Congress in Tokyo in 1969 as a means of commemorating the anniversary of the creation of the Universal Postal Union (UPU) in 1874.
